I-T dept's idea of gross winnings can kill online gaming5 min read . Updated: 07 Sep 2022, 03:50 PM IST
- How can an industry with ₹2,200 crore in total revenues have ₹58,000 crore in winnings?
Recent reports indicate the Department of Income Tax is taking a look at the online gaming industry, and trying to assess possible tax evasion. Nitin Gupta, Chairman CBDT, has said a single online platform had ₹58,000 crore in “gross winnings" over the last three years and the IT Dept is contacting winners to ask them to pay up tax dues.
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